Mises Wire

Turning to Keynes in this Crisis Will Only Make Things Worse

Booms and BustsMonetary PolicyProduction Theory

Blog09/19/2020

If policymakers finally let a real economic "correction" and recession happen, it means the economy will finally turn toward doing what the consumers actually want.

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What the Trade Balance Means for a Currency's Purchasing Power

Global EconomyMoney and Banks

Blog09/15/2020

Since the trade balance has nothing to do as such with either the supply of money or the demand for money, we can conclude that trade balances do not determine the purchasing power of money of respective countries.

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We're Headed toward Stagnation—Unless the Fed Reins In Its Money Printing

Booms and BustsInflationThe Fed

Blog09/08/2020

Eventually, loose monetary policy will damage real savings to the point that the economy can no longer sustain sufficient economic growth. At that point, it will become clear that money printing can't create economic growth.

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How Capitalists Serve the Public Interest

Blog09/05/2020

Many view "the rich" as people sitting on sacks of money doing nothing with it. The truth is capitalists use capital to produce goods and services which benefit the public.

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The Feds Want to Snoop on Your Encrypted Data. It's "for the Children."

Big GovernmentLegal SystemThe Police State

Blog09/01/2020

Although governments continue to insist "it's for the children," we should never go back to the dark ages of privacy before easy-to-use encryption. Nor should we allow a "back door" for governments to access our data.

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Why Economics Cannot Be Understood through Experimentation

Philosophy and Methodology

Blog09/01/2020

Human beings make choices based on their own personal goals and values. There is no way to recreate these conditions in a laboratory experiment.

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Want to Really Cut Taxes? Cut Government Spending.

Taxes and Spending

Blog08/25/2020

To cut taxes without cutting spending means greater burdens on the private sector through more government borrowing, higher indirect taxes, and monetary pumping which will come in the future. 

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Why "Price Stability" Policies Fail

InflationPrices

Blog08/17/2020

All price changes have real effects on demand for goods, and therefore alter goods' prices relative to one another. For this reason changes in the money supply can't fail to affect resource allocation.

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